Trade Now

Capital at risk Advertisement
Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Russian Securities Plc LSE:JRS London Ordinary Share GB0032164732 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -6.50 -6.91% 87.50 154,733 16:35:22
Bid Price Offer Price High Price Low Price Open Price
84.00 91.00 92.20 84.00 92.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 17.58 35.53 2.5 40
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:47 O 2,236 88.9643 GBX

Jpmorgan Russian Securit... (JRS) Latest News (3)

More Jpmorgan Russian Securit... News
Jpmorgan Russian Securit... Investors    Jpmorgan Russian Securit... Takeover Rumours

Jpmorgan Russian Securit... (JRS) Discussions and Chat

Jpmorgan Russian Securit... Forums and Chat

Date Time Title Posts
13/8/202213:33Russia - Good Long Term Investment3,498
17/6/202214:32Reuters article -
31/5/202210:22Converting to MOEX shares 1
07/3/202219:51JP Morgan Russia Investment Trust A New Start.3
12/10/202111:52From Russia with Love1,604

Add a New Thread

Jpmorgan Russian Securit... (JRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-08-12 15:24:4788.962,2361,989.24O
2022-08-12 15:16:5088.965,6204,999.79O
2022-08-12 15:11:4888.965,7315,098.34O
2022-08-12 15:10:3889.005,5814,967.09O
2022-08-12 15:07:1290.895,0004,544.72O
View all Jpmorgan Russian Securit... trades in real-time

Jpmorgan Russian Securit... (JRS) Top Chat Posts

DateSubject
13/8/2022
09:20
Jpmorgan Russian Securit... Daily Update: Jpmorgan Russian Securities Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker JRS. The last closing price for Jpmorgan Russian Securit... was 94p.
Jpmorgan Russian Securities Plc has a 4 week average price of 63.20p and a 12 week average price of 55.20p.
The 1 year high share price is 894p while the 1 year low share price is currently 55.20p.
There are currently 45,305,556 shares in issue and the average daily traded volume is 233,931 shares. The market capitalisation of Jpmorgan Russian Securities Plc is £39,642,361.50.
05/8/2022
16:26
loganair: max2 - "I fail to understand why are we discussing politics in the board. Let's focus on jrs" Because politics greatly affects JRS and the JRS share price at the moment.
01/8/2022
05:13
dcr17: horndean eagle - You are correct in most of the things you have said. It would surely allow major holders to retain their stakes. It would also surely attract many new investors. Surely the collected dividends could be a decent honeypot. This new mandate will definitely benefit JPM with its reputation and ESG compliance. However, my belief is that none of these things benefit me, as a retail investor. The interest of institutions is immaterial as once the market opens the share price and the NAV would be the same. I would get the accrued dividends irrespective of the mandate. And I am always free to divest from JRS, by whatever percentage I like, and invest in other N number of emerging market funds. The new mandate has nothing to offer me and rather puts me at a disadvantage. The new mandate leaves me at a risk of losing the russian assets at subpar prices. The MOEX russian market is already down 40% for no other reason except that it is at war with ukraine. No such crash has been seen in the western market. If posters here are right in their confidence that russia is in fact winning the economy war, surely the market would recover to pre war levels. That is a potential 66% return. Also we don't know what the prices would be when the market opens to the west. It could be even lower than present and we have to rely on JPM to not succumb to political pressure and sell. (It has clearly mentioned in the half year report that sberbank and 2 others, though sanctioned, could not be sold by JPM despite wanting to as the MOEX market is closed. Meaning they would have sold sberbank which is down 50% without thinking if that price is justified.) If the market has stabilised when it opens to us, I am always free to sell my JRS shares (and hence reduce my russian exposure) when I see fit and invest it where I can see more returns. The new mandate takes away that freedom from me and leaves me at JRS's mercy as I mentioned above. The current mandate allows JRS to invest freely in any russian company it sees fit. Dumping those that are in trouble and buying those that are undervalued. Unless you feel that the it might be beneficial to divest from russia as a whole - which would mean you are betting against russia's already undervalued economy and shorting it - the new mandate is not the right thing to vote for.
30/7/2022
21:38
robizm: Keep the Russians out? Russia was that friendly country under Stalin who stole the freedom of millions of Europeans until the fall of the Soviet Union. The people who built the Berlin Wall and killed thousands of their citizens who tried to leave. Russia without western technology is finished. I watch videos of a guy living in Russia. The videos show empty shopping centres with Western brands who have left. Rapid price rises and hardship increasing. Loganair you say Russia now has control of 75% of Ukraine economy. Are you that stupid not to realise the Donbas is a bomb site. Billions of damage caused with city’s having hardly any undamaged buildings. $600 billion damage to building and infrastructure. So all Russia has done is destroy an economy and inflict death by a thousand cuts on its own economy. Putin has decimated the share price of this investment trusts largest investment Gazprom and soon those pipes to Europe will be white elephants. Do you think China will trust Russia to supply anything more than 5% of its gas. Gazprom is finished hence its low share price with record gas prices. Even the Russian shareholders can see that and have sold in droves. I cannot see one advantage to Russia from this invasion. The territory they hold they cannot afford to repair so it is worthless to anybody. Thousands dead and hundreds of thousands displaced. There are no winners
29/6/2022
12:07
loganair: It seems to me one of the major reason, if not the main reason for JRS stock price to fall from 100p to 60p is that the mm's know that the 3 major share holders are continuing to reduce while the only buyers are the private retail investor, therefore the JRS share price has to be enticing enough for the retail investor to continue to buy. I would say for every 1mln shares the 3 major share holders sell, it takes circa 2 weeks to clear and sell them on.
24/6/2022
01:10
popit: dcr17. Thanks. I also don’t understand what JRS mean by saying that DRs are not allowed to be converted. Gazprom and Lukoil have already told their ADR holders exactly what to do and how to convert. Maybe loganair or someone else understands what JRS are saying. I also think the second market may be a good thing for JRS. If Russia can flush out those foreigners who want to sell their Russian shares at any price, then I think that they will be more likely to eventually end all of the restrictions on foreigners. Anyway, hopefully the JRS share price has now reached the lowest point. With a real NAV of £7 anyone who buys JRS at 60p is likely to see a huge return and profit.
22/6/2022
15:34
popit: dcr17. What do you think this reply from JRS means? “DRs are currently not permitted to be converted into common stock” Gazprom and Lukoil have already told ADR holders to convert as soon as possible. So what do you think JRS are talking about? And did you see my last message? I asked your opinion on a few things like how low do you think the second market prices will go? And do you think JRS will sell any of their holdings in the second market? Thanks It would not be a good idea then for JRS to use this second market to sell their holdings. I thought the prices may be about 50% of Moex prices and if they sold up for £3 then at least shareholders would get back £3.40 in cash. Compared to the present disaster price of 58p a return of £3.40 would be a good deal. Even if they sold at 25% of Moex prices they would get £1.50 for their holdings and with the 40p cash they could then return £1.90 to shareholders. How low were you thinking the second market prices would be? 25% of Moex? 10% of Moex? Only desperate people would want to sell their shares for 10% of Moex price and such a price would obviously not be in the best interests of JRS shareholders. Far better for JRS to just wait until all of the restrictions on foreigners have been lifted. And maybe this second market will flush out those foreigners who are desperate to sell at any price and so it may be a good thing if it brings forward the full lifting of all restrictions on foreigners. And I don’t think Russia will like having to impose any of these restrictions on foreigners. I think they are mainly just trying to protect their Moex market from potential heavy selling by foreigners if it was completely opened up. Russia must also be aware that what they are doing is discriminatory against foreigners and against International law. I think that Russia will want to end all of these Moex restrictions on foreigners as soon as possible. So what do you think JRS will do if this second market opens up? If the price is as low as you seem to think then I am sure they will just do nothing. They have a mandate from their shareholders to run a Russian Investment trust and shareholders will trust them to do that, and not sell shareholders out for 10p in the £. So when do you think all of the Moex restrictions on foreigners will be lifted? And what do you think is happening with the ADRs? Do you think JRS will have converted them all now or be in the process of converting? Thanks
18/6/2022
14:58
popit: loganair. Thanks. Yes JRS should certainly receive at least 350p in dividends over the next 10 years. That is just 35p per year and the Gazprom dividend alone is worth £10 million or 25p per share. My only concern was that JRS may see the “second market” as a way of winding up and appeasing the “woke” brigade by exiting Russia. Also a way for JRS to do a bit of virtue signalling at the same time. But anything sold at less than 50% of Moex prices would certainly not be in the best interests of JRS shareholders. So I would expect JRS just to do nothing when the second market opens, and to wait for all of the restrictions on foreigners to be lifted. Maybe JRS will even take the opportunity to buy some cheap shares on the second market with the £16 million cash that they have in the bank.
18/6/2022
13:25
popit: dcr17. Thanks. It would not be a good idea then for JRS to use this second market to sell their holdings. I thought the prices may be about 50% of Moex prices and if they sold up for £3 then at least shareholders would get back £3.40 in cash. Compared to the present disaster price of 58p a return of £3.40 would be a good deal. Even if they sold at 25% of Moex prices they would get £1.50 for their holdings and with the 40p cash they could then return £1.90 to shareholders. How low were you thinking the second market prices would be? 25% of Moex? 10% of Moex? Only desperate people would want to sell their shares for 10% of Moex price and such a price would obviously not be in the best interests of JRS shareholders. JRS are also not desperate to sell at 10% and have no need to sell at 10%. Far better for JRS to just wait until all of the restrictions on foreigners have been lifted. And maybe this second market will flush out those foreigners who are desperate to sell at any price and so it may be a good thing if it brings forward the full lifting of all restrictions on foreigners. And I don’t think Russia will like having to impose any of these restrictions on foreigners. I think they are mainly just trying to protect their Moex market from potential heavy selling by foreigners if it was completely opened up. Russia must also be aware that what they are doing is discriminatory against foreigners and against International law. So I think that Russia will want to end all of these Moex restrictions on foreigners as soon as possible. So what do you think JRS will do if this second market opens up? If the price is as low as you seem to think then I am sure they will just do nothing. JRS have a mandate from their shareholders to run a Russian Investment trust and shareholders will trust them to do that, and not to sell shareholders out for 10p in the £. So when do you think all of the Moex restrictions on foreigners will be lifted? And what do you think is happening with the ADRs? Do you think JRS will have converted them all now or be in the process of converting?
17/6/2022
22:42
popit: loganair/dcr17 Any thoughts from either of you on this news about a possible separate order book? I don’t even see how it will work. Surely Russian investors will just arbitrage between the two markets until prices equalize on the Moex and on the separate market? For example if Gazprom are 300 on the Moex and 150 on the secondary or “foreigners221; market, surely Russian investors will just buy up any shares that foreigners are selling at 150? And who would want to buy on the Moex if you can buy at half price on the other market? So Gazprom will be sold on the Moex at 300 until both markets are trading at similar prices. Perhaps both markets will eventually settle at 225. I thought that it would be good news for JRS as it looks like they will at least be able to sell now if they want to. If they liquidate their holdings at half the Moex price then they should be able to return about £3.40 to JRS shareholders. Do you agree with this analysis? Or am I missing something? What are your views on this idea for a separate order book for foreigners? Would you not have expected this news to be a big positive for the share price today? Even if JRS sold up at 50% of Moex prices, they would still get about £3 in cash. They also already have 40p in cash, and so they could probably liquidate and return £3.40 per share to shareholders. But the exact opposite happened today! The share price crashed again today. So it’s a mystery to me what is going on with JRS. Any views or thoughts?
17/6/2022
17:40
popit: loganair. What are your views on this idea for a separate order book for foreigners? Would you not have expected this news to be a big positive for the share price today? Even if JRS sold up at 50% of Moex prices, they would still get about £3 in cash. They also already have 40p in cash, and so they could probably liquidate and return £3.40 per share to shareholders. But the exact opposite happened today! The share price crashed again today. So it’s a mystery to me what is going on with JRS. Any views or thoughts?
Jpmorgan Russian Securit... share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
LSE
JRS
Jpmorgan R..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220813 15:15:58